• The company okoouIoo on aarcemcot v»Wi snorohoklors of Ansot Crown Infrabuilt Ptivato L.-r.iod for acqixlng balance 60% eenxy shares o' snd company Ti>e boionoe 60% equity shorn wore transferred in tn<i name of Ansa) Bunclweil Ltmcad on doted 25 June 2021. new the company -Ansot Crown Intrabuld Private Limned' become subsidiary company of Ar-sol Bultdwoii Limited (pnor to date of trans'er of oijuiy stores. Ansa! Crown Infrabjlld Private Llmted was a /3int venture entity of Ansal Bmldwoll Limited

12 2 Advances for land though unsecured, are considered good as the advances have been given based on arrangements/ memorandum of understanding executed by the Company and the Company.' seller.' intermediary is in the course of obtaining clear and marketable title, free from all encumbrances

12 3 Advances given to Subsidiaries and Joint Venture Companies for purchase of land and other purposes are not considered advances in the nature of loans and have no! been considered for the disclosure.

14.2 TrjKfc feotfeiMw Mum cuwanJM -.:r a penod pxmdnp il»« *#*•*<>» treat :enx) Due to cor»»ed imww M !f<f nAtSty ttvre fr»»e (mo op a,5 n edition? *x<" t«» Women. n «e»clmcuit-y trscoceaw »>mi! ^ ajr«meoi*»r w-kom al f>«* <H>t»are c<r«f0ere3oroOTo- •to^vjiy aW W»no5ocnaMwedremjo-f

14 S f-4c» Uni* K:»infckii o-« ihn k«n ckocOOf* ir ettiei idfrtfeo <4 !*•» Co ftpu)v nltMf foiH'Wv Of mils vlft Off/ ctn*f pirui. No* Mil) k«tfi of :<fiw MUYfhHi M* O.Hfrom fnti» :r li'fMlp axiptntti !<i»jmn>x v n ofr/ Atvtni k o cutl-xt. a ilioflcr Of n montoi

The Company has on»y one class of equity shares hovlng par value of Rs 10 per shore Eoch equty share is entitled lo one vote fn the event of liquidation of the company, the equity shareholders will be entitled to reoeive the roroolmng assets of the company alter distribution of on preferential amounts The distribution will t>e in the proportion to the number of tho equity shores he«d by the equity shareholders Tho Company declares dividends In Indian rupees. The dividend proposod by the Board of Directors Is subject to the approval of tho shareholders in the ensuing Amoai General Mooting.

Thu Board of Diractors havu lucumniumivu div.ou.id © 10% Ý.« Rs.1/- pot uquity share of Rs.101- uaori for lha financial yuur 2023-24 at Du unvuiiK) annual qunuiai mauling and is not racoqruaud us a liability as at raspuctivu balaitca sfiawt data

23. t The anou'i! of Rs. 36659 Lafcis recee/ec from Hiracliai Pradesh State Eleclrcfy Beard under the erder c/ Hun'ote High Ccurt of Himachal P-acesh is classified ss liaaiity since the S30 amount shall be -efindaote if the appeal ol Himachal Pradesh Slate Electrioly Beard s uHreWy decided against the Company

23.2 The amount of Rs. 62.50 laihs recaved from Haryana Cretan Development Autwnty under fie order cl KoiWe Hch Court of Punjab and Haryana s classified as Itaallty since the sad amount shall be 'efirctaote if the appeal o! the respondent is JUmatdy decided ajanst the Company.

23 J The Company had accepted the registration Amounts against proposed projects in Jaipur and Panipat in earlier years which was outstanding to the extent of Rs.329.47 Lakhs as on March 31, 2024, previous year Rs. 335.47 Lakhs as on March 31,2023 and these amounts were offered to refund to the customers due to non-receipt of necessary Government approvals for the proposed projects hut inspite of the efforts made by the Company, balance number of parties did not accept the refunds of Registration Money deposited by them to the extent of Rs. 329.47 Lakhs due on March 31, 2024. However no such amount was received by the Company during the year 2023-24.The company had transferred the balance amount payable alonwith interest to a designated Escrow account maintained with the Punjab and Sind Bank .Connaught Place .New Delhi-110001 for the purpose of refund to customers.

The company offered 10 refund ihe registration amount received against proposed projects in Jaipur and Panipath due to non-rcccipt of necessary government approvals for the proposed projects but in spite of efforts made by the company, balance number of parties did not accept the refunds of registration money deposited by them as on March 31.2023. The company has made provision for interest of Rs. 335.50 lakhs till March 31. 2024 on contingent basis in respect above amounts, however details of individual payee has not been identified as on date and therefore in the absence of any identifiable payee, the provision of I L)S are not applicable based on merits of the case and judicial precedents and further the actual amounts paid/credited are subject toTDS. Therefore, the company is following the provision ofTDS as and when individual payee is identified the amounts are paid/ credited to respective parties.

Further the Company had received Registration Money towards FVVS Scheme in earlier years which was outstanding to the extent of Rs. 116.38 Lakhs as on March 31.2024. Rs. 116.47 Lakhs as on March 31. 2023 . The Company had sent cheques for refunds of Registration Amounts to all the parties but various parlies either did not receive the cheques due to change of address or did not get the cheques encashed and therefore the amounts continued to be outstanding as 'Advance Against EWS’ to the extent of Rs.l 16.38 Lakhs due on March 31. 2024. However no such amount was received by the Company during the year 2023-24.

As per Sensnn 135 a* thr. Oarp.-nns A:t, 2013, a CSR cnnrrrttec fun been krrrert try Ihe Com,-ary The amm CSR a:tr«ncs am nital derefcpmtrt CSR prc$Kl, ream care - amnng a cteriabe cir»: ax Health care - set up tsxd bark The tuisls were pOmanly avxaiw towaxts ccipus txrtnWkns, as speeded in Schsdue '/i wthjCcmbsnfcsAc: 2013

35 Lease arrangements Transition

Effective April 01, 2019, the company has adopted lr>d AS AS 116 ‘Leases', applied to all leases contracts, except leases which are expiring less than 12 months on Apnl 01. 2019 using the modified retrospective method along with the transition option to recognise Right To-Uso Asset (ROU) at an amount equal to the lease liability arid has taken the adjustment to retained earnings, on the date of transition

The Company as a lessee Leasing arrangements

The significant leasing arrangements entered into by the Company include the following:

a) The Company's lease asset classes primarily consist of leases for land and buildings Buildings taken on lease for office premises and residential accommodation for employees and which are renewable on a periodic basis by mutual consent of both parties. The leases arrangements are cancellable by the lessee for any reason by giving notice of between 1 to 3 months

To assess -whether a contract conveys the right to control the use of an identified asset, the Company assesses whether: (I) the contract involves the use of an identified asset (il) the Company has substantially all of the economic benehts from use of the asset through the period of the lease and (Hi) the Company has the nghl to direct the use of the asset.

For these short-term and low-value teases, the Company recognises the lease payments as an operating expense on a straight-line basis over the term of the lease.

The Right of Use (ROU) assets are initially recognized al cost, which comprises the initial amount of the lease liability adjusted for any tease payments made at or prior to the commencement date of the lease plus any initial direct costs less any tease incentives. They are subsequently measured at cost less accumulated depreciation and impairment losses

The Company as a lessor

The Company has entered into non-canccllablc operating lease arrangements. Against such non cancellable operating leases, total rent credited to the Statement of Profit and Loss is Rs. 115.05 Lakhs (Previous Year Rs. 117.60 Lakhs) as actual rent received by the Company. The future minimum lease payments In respect of these leases are:-

The assets in respect of which the company has entered into operating Ieas8 arrangements are included in inventories and are held for sale in the ordinary course ot business of the Company. Therefore, no depreciation is charged on the leased assets in accordance with Ind AS 16

36 Segment Information

The chief operating decision maker (‘CODM) for the purpose of resource allocation and assessment of segments performance focuses on Real Estate, thus operates in a single business segment. The Company is operating in India, which is considered as single geographical segment. Accordingly, the reporting requirements for segment disclosure as prescribed by Ind AS 108 are not applicable

(c) Defied benefit plans Gratuity

GratuCy is pronded lor ernpipyiees who are in sen.tce as at the end ct Tie financial year Icr 5 years or more. a: the rate of 15 days’ sataiy fee each completed year of ser.ice anc is payable on retirement termination/ resignation. Toe Gracuty plan 'or the Cc<rp3ny 6 a defned benefit plan where arru3l oonaibchcrs a per Actuaraf Valuation Certificate are charged to the Stalenenl cl Profit and Loss This defned benefit plan expose the Company to acluanal nsLs. sixh as lange-.ily rise interest rate nsL and salary nsfc.

'he fcikmtng tapes suirmanses me compcoants of rec oenefit expense recognised in the statement cn oroit and loss and the amounts recognised n Tie balance sheet lor defned benefit plan:

3) The fair value of tho financial assets are Oelornvned at the amount tnat woud be recorved to sell an asset in an o-derly transacfion between market participants.

oj The following methdods and assumptions wore used » estimate ibn fair vaults:

<i) The carrying value cf trade recervabtes. cast! and cash equivalents, other bank balances, trade payables, security deposits, borrowings and other lirancal liabtities measured at amortised cosl approximate fair value.

(it) Fair value of quoted etjuity instruments Is based on quoted market poses at the reaortng date

c) During the year ended March 31.2024 and March 31. 2023. there were ro trarrsfe's between Level 1 and Level 2 fair value measu'ements. and no transfer into and oui of Level 3 fair value measurements

The Company’s business operations arc exposed to various financial risks such as liquidity risk, market risks, credit risk, interest rate risk, funding risk etc. The Company's financial liabilities mainly includes borrowings taken for the purpose of financing company’s operations. Financial assets mainly includes trade receivables, investment in equity instruments and security deposits.

flic Company's financial risk management is an integral part of how to plan and execute its business strategies. The Company's financial risk management policy is set by its Senior Management. The Company's Board oversees how management monitors compliance with the Company’s risk management policies and procedures, and reviews the adequacy of the risk management framework in relation to the risks faced by the Company.

Market risk

Market risk is the risk of loss of future earnings, fair values or future cash flows that may result from a change in the priceofa financial instrument. The value of a financial instrument may change as a result of changes in the interest rates, foreign currency rates, equity prices and other market changes that affect market risk sensitive instruments. Financial instruments affected by market risk include loans and borrowings, foreign currency receivables and payables, and FVTOCI investments.

Interest rate risk

Interest rate risk is the risk that the fair value or future cash flows ofa financial instrument will fluctuate because of changes in market interest rate. The Company is mainly exposed to the interest rate risk due to its borrowings. The Company manages its interest rate risk by having balanced portfolio of fixed and variable rate borrowings. The Company docs not enter into any interest rate swaps.

Price risk

I lie Company has very limited exposure to price sensitive securities, hence price risk is not material. Credit risk

Credit risk arises from the possibility that counter party may not be able to settle their obligations as agreed. The Company's exposure to credit risk is mainly influenced by cash and cash equivalents, receivables from its real estate customers and financial assets measured at amortised cost.

The carrying amounts of financial assets represent the maximum credit risk exposure.

Trade receivables

The credit risk pertaining to receivables from customers is managed, generally by receipt of sale consideration before handing over of possession and/or transfer of legal ownership rights. The credit risk is diversified due to large number of real estate projects with different customers spread over different geographies.

Liquidity risk

Liquidity risk is defined as the risk that the Company will not be able to settle or meet its obligation on time or at a reasonable price. The Company's finance department is responsible for liquidity, funding as well as settlement management. In addition, processes and policies related to such risks arc overseen by Senior Management. Management monitors the Company's net liquidity position through rolling forecasts on the basis of expected cash flows.

The table below summarises the maturity profile of the Company's financial liabilities based on contractual undiscounted payments:

41 (B) The Ccmpery dd rot have any transaclcrs win Companies slmcr cff under Sectcn 243 cf Ccrpiarres Ad. 2013 or Secoon 060 cf Companies Act. 1956 ccnsiierng re information avalade win the Company

41 |C) There are no proceedings Wasted cr are percing agarsl the Company fcr hoteing any warn Property under Scrarri Transactors iPrcttbocn) Act 1339(45 cf 1399) and the rules mate tore under

41 |D) The company cces noi ha.e ?,ry immovable property (other ten propert.es where the group t> the lessee and me base agreements are duly eaeoHed in law ol the fesssei nhcse otle deeds are rs. hted in tne name o' Tne company

41 (E| The Ccmpery did n* uado <y n.osi c Cov» Cuwcy or mui currency ckrrg the financial year Hence ciscteurcs retting to t arc rot jppticafctt 41 (F) The Ccmpery h3s createc arc sartied al the cnanjes 'Mich are to be restored with ROC neycrc the statutory aeiad except tne tabuing

a) Kolak. Marmara Ltd Rs. 19.14 Lakns

b) AMA Real Est3le Devetcpers Pit Uc R$ iSOOOLaknj

c J Kotak Mahind'a Ltd Rs 35.45 Lakhs

Due 10 lechnce reasons Tnc Charges we not satisilcd The Ccn»rr/ is lak rg rogJar measures 10 saisfcd

41(G) The company has noi made any Loan or Advances h Tie raue al leers lhal are granted to promalers. dreticrs. KMP* and the re atec panes (as delred under Companes Act 2013) ether severalty or jorfly vith any ether person mat are repayable on demand or wlhout specifying any terms or perod o' iepa,r*t

41 (H) The Company does not have any such transaction wfoch s net tecorded in the books of accounts inai n» teen sa rendered or dtidoeed as income dmg Tie year n the tax assessments ander the Iname Ta* Act. 1351 |$xh as, search cr sw«ey or any oine' retevam prowsers ol the income 'an Act. 1961

41 (I) The Ccmpery h3S not beer cecbred as wl ful delauter

41 (J) The company cces noi hare ary Capte^u/mk-nprogress

41 (K) The Company does rot have any mtangtte assets under ceveepmert

41 (L) There are no Sterne cf Arrangements approved by Ta Competent Auhcrty n terms cf semens 230 » 237 a he Conpsnes Act. 2013 during tne year.

41 (M) The Company has not recerrad any fund frem ary parson|s) cr atotyjies), mowing foreign entries (Funding Party) nihi tie urctesttrdng luhethier recorded in *iitrgcro1herwse|!h3llheccmperr/ shall:

a) directy or indreedy lend cr invest m othe' persons or entires certiled in any manner whatsoever Cr/ or cr behalf ol ihe Funding Party (UOmate Benefcanes) or.

b) provide an, guarantee. security cr ta tile cr behalf of Ihe Ufcmale Beoefioarisa

41 (N) Prewous years to/es have been regroupalierast to make hen comparable »nn current year's figj'es. ‘wherever regjrec

42. The Ansal Buildwell Limited had Invested Rs. 34.01 Crore in the form of equity shares and given the business advances amounting to Rs. 24.89 Crore to Ansal Crown Infrabuild Private Limited (wholly owned Subsidiary company).

One of the Operational Creditor filed the petition against Ansal Crown Infrabuild Private Limited Company before the I lon'bleNCLT. The llon’ble NCLT has admitted application bearing C.P.(lBV'783/2022 under section 9 of the 1BBC Code 2016 against the M/s. Ansal Crown Infrabuild Private Limited on dated 21st April. 2023 and accordingly the Corporate Insolvency Resolution Process (CIRP)oflBC. 2016 is Initiated.

An application has been tiled under section 7 of the Insolvency and Bankruptcy Code.2016 read with rule 4 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rulc.2016 by IOBI Trusteeship Services Limited on behalf of the Debenture Holders i.e. Swamih Investment Fund-1 (Swamih Debenture Holder/Financial Crcditor)for the debentures issued by M/s Ansal Crown Infrabuild Pvt Ltd for debt financing for completion of its stalled project, before the Hon'ble NCLT New Delhi Bench for initation of Corporate Insolvency Resolution Process in the matter of M/s Ansal Buildwell Limitcd(Corporate Guarantor) due to invoking the Coporate Guarantee for which the Company is at the stage of resolving the matter amicably.

43. Approval of financial statements

The financial statements were approved for issue by the board of directors on May 30,2024.